Get started

BOX

Potential 10 R Scalp LongI am nervous about this reversing to the downside since it's on the end of several 5 wave counts but if it makes 3 point box shape with the wxyxz pattern then the right corner around 24 would be a good spot to scalp long. Since you have two other points to define the bottom of the box it allows for a small stop to be used and even though the target is close by at just under 28 you can still get 10 R out of it. I am currently in a BTC BULL 3x token scalp long so this bnb setup is not my main priority but it is something to watch for. Once it gets to 28 it will be very hard to see any reason for it to continue so it is not the type of trade to let your profits run if you're on a small time frame. This is one where you take the money and run.
Long
by mljones
GBP/USD - Price On A Hot Zone*** DISCLAIMER *** Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. **************************** The price is now on a mirror level and it's on its second touch of the grey zone (in the chart), farther we can see that the mirror level coincide with the 61.8% Fibonacci level. Now I will wait to see if the price break or bounce, then I will wait for a retracement and do my entry with the drawn TP.
by Logical_Knight
2
EURUSD On The Bottom Of The BoxHi Guy, As you can see, the FX:EURUSD is stuck in a box since few weeks. The best scenario to buy the pair for a LONGTERM Bullish trend will be if the price get out of the box crossing our favorite 200 EMA line. It will be a big signal for long position . For the moment, we dont know if the price can go lower or if buyers will push it to the top of the box. (so be care full) My scenario (green arrows) will be the best Opportunity if you a re patient. What do you think about the pair ? tell me on comment section. Feel free to subscribe and like my post ! :) Have nice weekend Simple analysis, simple chart, no bs indicators is the key.
by The_Shiney_Bull
1
Support and Resistance breakout box (Prototype)Pretty self explanatory, uses simple support and resistance as well as time resistance which influences the box's size. The time resistance zone is an area that we should see either a strong move, reversal, or even breakout. Either way this should be an interesting experiment. We can honestly go either way, up because a golden cross looks to be occurring on the 4h, down because we got rejected off of resistance. Personally, I predict we'll break downward back the weekly 200MA or lower.
by Kindlegem